Broadview Financial Management LLC Sells 69 Shares of Invesco QQQ (NASDAQ:QQQ)

Broadview Financial Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 544 shares of the exchange traded fund’s stock after selling 69 shares during the quarter. Broadview Financial Management LLC’s holdings in Invesco QQQ were worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in shares of Invesco QQQ by 789.5% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 88,813 shares of the exchange traded fund’s stock valued at $36,371,000 after buying an additional 78,828 shares during the period. First Western Trust Bank acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $201,000. Vantage Financial Partners LLC increased its position in Invesco QQQ by 68.0% during the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after purchasing an additional 11,957 shares during the period. Natixis Advisors L.P. increased its position in Invesco QQQ by 17.4% during the 4th quarter. Natixis Advisors L.P. now owns 18,927 shares of the exchange traded fund’s stock valued at $7,751,000 after purchasing an additional 2,809 shares during the period. Finally, Concentrum Wealth Management boosted its holdings in shares of Invesco QQQ by 15.4% during the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock worth $6,004,000 after buying an additional 1,962 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $5.61 on Friday, reaching $476.27. 33,466,473 shares of the company’s stock were exchanged, compared to its average volume of 40,922,408. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The firm’s 50-day moving average is $474.15 and its two-hundred day moving average is $455.05.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.